Fed’s Jefferson Says Above-Target Inflation to Offset Past Shortfalls Is Unrealistic
Federal Reserve official Jefferson dismissed the idea of allowing inflation to exceed target levels to compensate for prior undershooting.
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Terms & Concepts
Inflation Target: A central bank's goal for the annual rate of inflation, used as a benchmark to guide monetary policy decisions.
Federal Reserve: The central banking system of the United States, responsible for setting monetary policy, regulating banks, and providing financial services.